Mid-Day Stock Watch on March 29

Hours since the markets opened today, after a careful observation of stocks' movements and analysis, we find these below mentioned five stocks worth watching during rest half of the day.

a) Bharat Forge: Bharat Forge and U.S. based AM General LLC have come together to bid for India’s Light Specialist Vehicle (LSV) program using AM General’s battle tested High Mobility Multipurpose Wheeled Vehicle (HMMWV) as the LSV’s base platform with final build and production to take place in India. The share price will be in focus rest of the trading session.

b) Aurobindo Pharma: Aurobindo Pharma bagged final USFDA approval for dementia drug. The company will manufacture and market Rivastigmine Tartrate Capsules USP, 1.5 mg, 3 mg, 4.5 mg and 6 mg. The stock will be focused throughout a day.

c) Reliance Defence and Engineering: Defence Expo 2016 started on Monday at Goa. There will be new Defence Procurement Procedure (DPP) has been put up on the Defence Ministry website. This DPP can help India in achieving a good defence industry network, for its own needs and exports. The stocks like Reliance Defence and Engineering, Bharat Electronics and Astra Microwave Products will be in focused.

d) Ashok Leyland:  Ashok Leyland sold its stake worth Rs 299 crore in IndusInd Bank. The company sold about 32,63,923 shares or 0.55 per cent stake in the bank through a bulk deal. The shares were offloaded at an average price of Rs 915.96. It also won the defence contract of Rs 800 crore.

e) Indo Count Industries: Indo Count Industries launched three new brands in US market on March 29. The company’s brand includes Boutique Living, Revival and The Pure Collection. The share price will be in limelight rest of the day.